Supermarket Income REIT (LSE: SUPR) acquires supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management.
The Company focuses on grocery stores which are omnichannel, i.e. fulfilling both online and in-person sales. All of the Company’s are let to leading UK supermarket operators, diversified by both tenant and geography. Since the Company’s IPO on the London Stock Exchange in July 2017, the Investment Adviser has deployed over £1.2 billion of capital on behalf of the Group into a direct portfolio consisting of 35 supermarket sites and an indirect interest in a further 26 Sainsbury’s supermarkets through a joint venture with British Airways Pension Trustees Limited.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term. The Company has increased its dividend target in line with UK RPI inflation each year.
Atrato Capital is the Company’s Investment Adviser.
DIVIDEND DECLARATION The Board of Directors of Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, …
JOINT VENTURE PORTFOLIO UPDATE Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income …
ACQUISITION OF TWO SUPERMARKETS AND DEBT FINANCING UPDATE Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing …
ACQUISITION OF A TESCO IN SHEFFIELD FOR £73.2 MILLION Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust …
ACQUISITION OF A SAINSBURY’S SUPERMARKET FOR £75.8M Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, …
ACQUISITION OF SAINSBURY’S AND TESCO SUPERMARKETS FOR £73M Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing …
| P&L | June 2021 £~000 | June 2020 £~000 |
|---|---|---|
| Rental income | 48,156 | 26,352 |
| Admin & other expenses | (9,262) | (5,184) |
| Operating Profit | 90,474 | 37,666 |
| Profit for the period | 81,956 | 32,763 |
| BALANCE SHEET | June 2021 £~000 | June 2020 £~000 |
|---|---|---|
| Investment Properties | 1,148,380 | 539,410 |
| Cash & cash equivalents | 19,579 | 20,353 |
| Total Assets | 1,302,634 | 617,546 |
| Bank borrowings | 409,684 | 126,791 |
| Total liabilities | 431,324 | 140,385 |
| Net assets | 871,310 | 477,161 |
IGD Forecasts:
Thisismoney.co.uk (Feb 2019)
“SMALL CAP SHARE IDEAS: Supermarket Income Reit’s copper-bottomed returns hit the mark for SIPP and other investors”
Shares (Apr 2018)
“Supermarket Income REIT invests £210.5m in first quarter, declares dividend”
Goodbody (July 2018):
“We are forecasting continued expansion of SUPR as the portfolio and income streams grow. While the benefits of an inflation-link on long-term leases will drive NAV upside and continued dividend growth…This will be driven by the unique asset selection skills of management and knowledge of the market.”
Stifel (Apr 2018)
“Year to date, Supermarket REIT’s shares have risen 1%, out-performing the sector which is down 4%. We believe that the shares are supported by the high dividend yield of 5.4% (versus the REIT average of 3.9%), which we forecast to grow in line with inflation, backed by long unexpired leases that are all RPI-linked, and with a high quality tenant covenant.”
